Euro/dollar: Europe open $1.1814,......>

EURO SUMMARY: Euro/dollar: Europe open $1.1814, range $1.1802-45, NY open

$1.1822, range $1.1819-1.1859

*Rejection saw rate back at $1.1814 before another wave of buying took it on to

$1.1845(50-dma).

*Sharp pullback in Eur/Jpy provided weight to press Eur/Usd down to $1.1802.

*Dip buyers emerged ahead and into the NY open, with the rate grinding towards

$1.1830.

*As broad based dollar pressure continued, the rate went onto

grind out a fresh intraday high of $1.1850.

*The dollar fell further, as the market awaited the release of this

afternoons FOMC, with the rate grinding to fresh intraday highs of $1.1858.

*The dollar gets a lift as US Tsys yields spiked and XAU dropped to

almost flat on the day, with the rate dropping towards $1.1840.

*Very little market reaction to the release of the FOMC minutes with

a further hike in December still expected. The dollar did lose a little ground

printing a fresh high of $1.1865.